SATO vs. SPHD
SATO (Invesco Alerian Galaxy Crypto Economy ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - SATO is a Cryptocurrency fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 3 years, SATO returned 21.83%/yr vs 12.02%/yr for SPHD. Their 0.25 correlation means their historical movements had little consistent relationship. SATO charges 0.60%/yr vs 0.30%/yr for SPHD.
Performance
SATO vs. SPHD - Performance Comparison
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Returns By Period
In the year-to-date period, SATO achieves a -13.37% return, which is significantly lower than SPHD's 12.28% return.
SATO
- 1D
- -3.22%
- 1M
- -4.42%
- 6M
- -16.14%
- YTD
- -13.37%
- 1Y
- -18.39%
- 3Y*
- 21.83%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.90%
SPHD
- 1D
- -0.19%
- 1M
- 0.89%
- 6M
- 6.75%
- YTD
- 12.28%
- 1Y
- 15.51%
- 3Y*
- 12.02%
- 5Y*
- 8.00%
- 10Y*
- 7.28%
- ALL TIME*
- 9.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $33.71K | $38.05K | $74.17K | |
| $45.09M | $45.47M | $42.29M |
SATO vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | -13.37% | 2.26% | 55.25% | 266.77% | -80.20% | -17.33% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 12.28% | 3.41% | 18.08% | 1.32% | 0.58% | 6.10% |
Correlation
The correlation between SATO and SPHD is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.25 |
The correlation between SATO and SPHD shifts across timeframes, from -0.00 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SATO vs. SPHD — Risk / Return Rank
SATO
SPHD
SATO vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SATO | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.22 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 2.08 | -2.50 |
| Martin ratioReturn relative to average drawdown | -0.67 | 5.19 | -5.86 |
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Drawdowns
SATO vs. SPHD - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.00%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for SATO and SPHD.
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Drawdown Indicators
| SATO | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.00% | -41.39% | -46.61% |
Max Drawdown (1Y)Largest decline over 1 year | -53.49% | -7.33% | -46.16% |
Max Drawdown (3Y)Largest decline over 3 years | -53.49% | -13.29% | -40.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.39% | — |
Current DrawdownCurrent decline from peak | -46.92% | -2.24% | -44.68% |
Average DrawdownAverage peak-to-trough decline | -50.68% | -4.66% | -46.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.62% | 2.93% | +30.69% |
Volatility
SATO vs. SPHD - Volatility Comparison
Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a higher volatility of 16.55% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.63%. This indicates that SATO's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SATO | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.55% | 4.63% | +11.92% |
Volatility (6M)Calculated over the trailing 6-month period | 39.43% | 9.12% | +30.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.26% | 11.81% | +41.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.98% | 14.24% | +48.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.98% | 17.67% | +45.31% |
SATO vs. SPHD - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Dividends
SATO vs. SPHD - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 7.74%, more than SPHD's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | 7.74% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.56% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
Frequently Asked Questions
SATO and SPHD have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SATO has higher volatility (16.55%) compared to SPHD (4.63%). In terms of maximum drawdown, SATO dropped -88.00% vs SPHD's -41.39%.
On 3-year performance, SATO leads with 21.83% vs 12.02% for SPHD. On fees, SPHD is cheaper at 0.30% per year. On volatility, SPHD has been the lower-risk option at 4.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SATO has performed better with a 21.83% return vs 12.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHD is cheaper with a 0.30% expense ratio, compared with 0.60% for SATO.
SATO has the higher dividend yield at 7.74%, compared with 4.56% for SPHD.
SATO is categorized as Cryptocurrency, while SPHD is Dividend. SATO tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.60% for SATO and 0.30% for SPHD.
SPHD currently has the higher Sharpe Ratio (1.30 vs -0.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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